7 Iulie 2010
Top 10 banks by market share
The National Bank of Romania released the list of ten largest banks in the Romanian market by market share calculated based on assets under management. The list suffered moderate changes in 2009, but the league table remained unchanged. Assets managed by the three largest banks in the market accounted in the aggregate some 39.7% of total assets.
10. ING Bank - 3.4%
ING Bank’s market share dropped in 2009 to 0.1%, to 3.4% from 3.5% in 2008.
ING had 10.985 billion lei assets under management. The bank reported gross profit of 84 million lei (€19.8 million), down 20% from a year earlier, due to higher loan impairment charges.
9. Bancpost - 4.5%
Bancpost’s market share narrowed in 2009 by 0.3% from 4.8% a year earlier.
Greece-based EFG Eurobank, the majority shareholder of Bancpost reported an after-tax profit of €2.1 million in 2010 for its operation sin Romania, after €4.1 million loss in the first quarter of 2009.
8. Banca Transilvania - 5.9%
Banca Transilvania had assets of 19.472 billion lei under management. But even though it fell one position, the bank has increased its market share by 0.5% from 5.4% to 5.9%.
Banca Transilvania reported net earning of 16 million lei (roughly €4 million) in the first quarter this year, up from one million lei in the same period of 2009.
7. Raiffeisen Bank - 6.1%
Raiffeisen Bank had total assets of 20 billion lei under management at the end of last year.
Raiffeisen Bank Romania recorded a net profit of €74 million last year, down 55% from €165 million in 2008.
6. UniCredit Tiriac Bank - 6.1%
The bank had €20.278 billion assets under management.
UniCredit Tiriac Bank reported a net profit of €78 million in 2009, down 8% from the same period of 2008, according to the international financial reporting standards, as net impairment charges soared 84% from 140 million lei to 257 million lei.
5. CEC Bank - 6.3%
In 2008, CEC Bank was on the ninth spot and had a market share of merely 4.3%.
The bank recorded pre-tax profit of 14.9 million lei (€3.9 million), and the bank’s capital adequacy ratio stood at 16.89%.
4. Alpha Bank - 6.4%
At the end of last year, the bank had 21.163 billion lei assets under management.
Alpha Bank reported last year a pre-tax profit of €50.7 million for its operations in Romania, up 10.8% from 2008, as loan impairment charges doubled.
3. Volksbank - 6.6%
Volksbank had 21.728 billion lei assets under management.
The bank’s Q1-Q3 pre-tax profit rose 43% in 2009 to €41.6 million, on a doubling of loan loss provisions.
2. BRD - 14%
However, BRD’s market share fell 1.7% in 2008. The bank has 46.346 billion lei assets under management.
BRD Groupe Societe Generale reported a net profit of 199 million lei (€49 million) in the first quarter 5% down from the year-ago period.
1. BCR - 19.1%
Banca Comerciala Romana had total assets of 62.908 billion lei under management at the end of last year.
BCR recorded a net profit after minority interests of 243 million lei (€59 million) in the first quarter, 26.4% lower than the year-ago period, on higher loan impairment charges.